Postal Ballot Approves Sale of Friction Business

Core Business DivestedStrategic Transactions View source PDF Explain this filing

HINDCOMPOS · price

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Price reactionminutes from the announcement price · days from the prior close

+1.8%Reaction day

₹416.50

prior close

₹416.50

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+1.4% vs market

Auto Components & Equipments peers, median of 117sector-0.1%+1.9% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.9 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.9

10m

-0.8

15m

+0.2

30m

+0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.8+0.4+1.4-0.1+1.9

Next day

-1.1+0.5-1.6-0.4-0.6

-1.5+0.6-2.2-0.2-1.3

-0.8+0.7-1.6-0.1-0.8

-1.8+1.1-2.9+0.5-2.3

-2.0+0.5-2.6-0.3-1.8

-0.9+1.3-2.2-0.2-0.7

15d

-3.8+0.5-4.4-2.1-1.7

-8.4-0.8-7.6-4.0-4.4

+5.9-0.9+6.8-3.6+9.5

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UpDownMarket · Nifty Microcap 250Sector · Auto Components & Equipments peers, median of 117Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shareholders approved the sale of Hindustan Composites Friction Business Undertaking on a slump sale basis through a postal ballot. The special resolution passed with 98.96 percent votes in favor (617,183 votes) versus 1.04 percent against (6,503 votes). Promoters holding 11,073,060 shares did not vote, and total voter turnout was low at 4.22 percent. Sale price and buyer details were not disclosed in this filing.

Likely market impact

Company exits its Friction Business via slump sale. Deal value and buyer not yet disclosed; await further announcement.